Natixis: Japanese bond shorts position looks reasonable

FX data reported on September 6 that Stephen Spratt, an Intrerest Rate strategist at BNP Paribas, said in a report that strong wage data, robust Tokyo CPI, and many other factors, along with tough remarks from officials of the Central Bank of Japan, as well as a relatively calm market environment, all favor shorting Japanese government bonds. He said, ‘Japan’s data remains robust, especially those sensitive data for the Central Bank of Japan.’ Bank of Japan committee member Takada Satoshi believes that the financial markets have begun to calm down. The strategist said, ‘This statement is important because a calm market is a prerequisite for further interest rate hikes.’